The Market Phase Map
What phase is the stock market actually in? Every night, ArcAlpha reads the price-and-volume structure of thousands of US stocks and labels each one’s market phase. This is the market-wide picture — free, no login.
As of the close of October 26, 2026 · 3,598 US stocks analyzed
Daily timeframe
Where 3,598 stocks sit in the daily cycle
Weekly timeframe
The slower, structural read across 3,366 stocks
Phase labels are assigned by ArcAlpha’s nightly structural read of each stock’s price and volume behavior. Percentages are shares of all stocks with a phase read on that timeframe.
Market breadth — % of stocks advancing
last 60 sessions · Jul 13 → Oct 23Above the 50% line, more stocks rose than fell that session. Persistent readings on one side of the line are how broad market moves look under the hood.
Sector rotation, by phase
Rotation isn’t an opinion — it’s visible in which sectors’ stocks are entering uptrend phases and which are slipping into downtrend phases.
| Sector | Stocks | Most common phase | Uptrend vs downtrend share |
|---|---|---|---|
| Financials | 750 | Markdown | 23% / 56% |
| Health Care | 540 | Markdown | 29% / 54% |
| Technology | 494 | Markdown | 35% / 44% |
| Industrials | 432 | Markdown | 20% / 65% |
| Consumer Discretionary | 341 | Re-Distribution | 21% / 63% |
| Materials | 236 | Markdown | 14% / 70% |
| Real Estate | 200 | Markdown | 17% / 70% |
| Energy | 182 | Markdown | 37% / 36% |
| Communication Services | 176 | Markdown | 27% / 57% |
| Consumer Staples | 132 | Re-Distribution | 33% / 41% |
| Utilities | 115 | Re-Distribution | 18% / 70% |
What changed this week
1,095 stocks changed phase over the last 7 days. The most common moves:
How to read the phases
The vocabulary comes from the classic Wyckoff way of reading markets: price cycles between quiet sideways ranges and trending moves, in both directions.
After a decline, price stops falling and moves sideways while buyers quietly absorb supply. The downtrend has paused and structure is leaning constructive.
The uptrend itself — price is making sustained upward progress. The most straightforwardly bullish phase of the cycle.
A pause inside an uptrend. Price rests sideways after an advance, with structure suggesting the trend is digesting gains rather than topping.
After an advance, price stalls and moves sideways while structure deteriorates — the classic topping posture where supply overwhelms demand.
The downtrend itself — price is making sustained downward progress. The most straightforwardly bearish phase of the cycle.
A pause inside a downtrend. Price rests sideways after a decline, with structure suggesting the downtrend is resting rather than reversing.
A sideways pause after an advance where the evidence is genuinely mixed — neither clearly digesting nor clearly topping yet.
A sideways pause after a decline where the evidence is genuinely mixed — the market has stopped falling but has not yet shown accumulation.
Where this data comes from
Every night after the US close, ArcAlpha’s scan reads the price and volume structure of several thousand actively traded US stocks and assigns each one a phase on the daily and weekly timeframes. This page shows only aggregate statistics — the same descriptive, educational read for every visitor.
Inside the platform, the same phase read appears on every stock — alongside momentum analysis, institutional options-flow context, and fundamentals — so you can see not just where the market is, but which individual names are transitioning.
Questions, answered
Market phases describe where a stock sits in its price cycle: sideways accumulation after a decline, a markup uptrend, a pause that re-accumulates or distributes, and a markdown downtrend. The vocabulary traces back to the Wyckoff tradition of reading price and volume structure. This page aggregates a nightly phase read across thousands of US stocks so you can see the market-wide balance at a glance.
Every night after the US close, ArcAlpha analyzes price and volume structure for several thousand actively traded US stocks and assigns each one a phase on both daily and weekly timeframes. This page shows only aggregate statistics — counts, percentages, breadth, and sector totals. It is an educational, descriptive read of market structure, identical for every visitor.
Nightly, after the US market close, once the full-market scan completes. The page shows the as-of date of the underlying scan. On weekends and market holidays it reflects the most recent trading session.
No. This page presents aggregate market statistics for educational purposes only. It is not a recommendation to buy or sell any security, and it is identical for all visitors. ArcAlpha is an educational market intelligence platform, not an investment advisor.
Keep going
- The Market Pressure Index — the companion number: how much of the market is in quiet compression, with history to 2020.
- The Market Breathes — six years of quiet and active phases, told as a scrolling visual essay.
- The Complete Guide to Momentum Compression Trading — how quiet phases set up the moves that follow.
- The ArcAlpha education library — plain-English video walkthroughs of how the platform reads markets.
- ArcAlpha for working professionals — a structured evening read instead of hours of chart-scrolling.
- ArcAlpha for the newly retired — the patient, professional way to study markets in depth.
See the phase of any stock, not just the market
The full platform puts this same structural read on every US stock — with momentum analysis, institutional flow context, and fundamentals in one place. Free for 7 days.
Start 7-Day Free TrialAggregate market statistics for educational purposes only — not a recommendation to buy or sell any security. ArcAlpha is an educational market intelligence platform, not an investment advisor.